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Japan's Abe heaps pressure on BOJ to set 2 percent inflation target

Japan's next premier, Shinzo Abe, renewed pressure on the central bank to adopt a 2 percent inflation target, saying that he will try to revise a law guaranteeing its independence if his demand is not met.
He also said he will pick someone who agrees with his views on the need for bolder monetary easing to succeed BOJ Governor Masaaki Shirakawa when his term expires in April next year.
"At this month's policy meeting, the BOJ said it would examine (setting an inflation target) at its next meeting" in January, Abe said on television on Sunday.
"If it doesn't, we'll revise the BOJ Law and set up a policy accord with the ... (full story)